Employees are responsible for funding, investing and distributing a lifetime income from their 401k accounts. It’s cruel the majority of them don’t know how to do these things.

That’s largely why 90% of plan sponsors say most of their employees will not be financially prepared for retirement.

Before my 30-year career as a retirement and communication consultant, I spent six years in educational research and instructional design. I know basic education principles – but I’m not an expert. Yet it doesn’t take an expert to see that 401k ed is broken.